Polkadot (DOT) is one of the star projects of 2022. After explosive progress and a serious correction, the project continues to evolve by improving its very DNA: its management system. It is a project that remains dynamic and still lives under the snow of crypto winter. Plus, with 661% HUD, it offers an interesting entry point. To analyze.
Polkadot (DOT), blockchain chooses decentralization!
Polka dot (DOTS) changes its operating system. Decentralization is not just a keyword to please the consequences cryptocurrencies. This is the raison d’être of this ecosystem. And that is the goal. Without decentralization, the applications that follow can blockchain have nothing new to offer. They will simply be versions blockchain of services and products that already exist today in our centralized economies. Take currency for example. CDBC is a tokenized asset that works through a blockchain. But if blockchain is limited to the infrastructure of that currency, so there is nothing new. No prospect of freedom and it’s just the 2022 version of good old paper money.
However, decentralization is a mysterious tool, difficult to understand, implement and explain. It’s something the development teams of Polka dot (DOTS) well understood. The previous form of governance, Gov1, had many flaws, according to the team Polka dot. For example, some people had more power than others. Especially the members of Advice or Technical Committee. This creates first-class citizens, and therefore second-class citizens.
In blockchain, you must move forward or die
The story, as pointed out Polka dot, does not forgive human organizations that do not evolve. Economies that don’t trade, dictatorships that close borders, languages that don’t add new words. It is in this picture, the team of Polka dot explained the need for a new form of government, but also the idea that the perfect form of government would never exist. The solution lies in change, adaptation, evolution. That blockchain is a revolution. Now a revolution is like a bicycle: if it stops moving forward, it falls.
Despite a willingness to change, some mistakes cannot change. 50% off dots (DOT) staked will always allow to have the majority. But that is the very principle of democracy, isn’t it? Perhaps the importance of certain wallets in the decentralized ecosystems of cryptocurrencies pushing us to reinvent power-sharing models to achieve less proportional but more equitable power. A new vision that could inspire our political models, at a time when economic weight crushes common interests. All in a world where the distribution of wealth is largely unbalanced.
Technical Analysis and Price Prediction Polkadot (DOT) 2022
These changes on the side of Polka dot will they have an influence on the course of cryptocurrency polkadot (DOT) ? Fate for crypto is not necessarily linked to the project’s and blockchain. But the value of polka dot (DOT) depends on effort. It is therefore indirectly linked to the management system.
Polka dot has a market capitalization of 7.03 billion euros. Which makes it the 12th cryptocurrency on the Coinmarketcap rankings. It is trading at €7.12 on July 23, 2022, down almost 6% over the last 24 hours. That cryptocurrency polkadot (DOT) is in an extremely low range of its price.
- In August 2020, it appeared on the markets cryptowith a price of about 3 dollars.
- It literally exploded and fetched $55, up 2,984% on November 7, 2021.
- Following the winter crypto got the better of this meteoric rise.
- Polka dot went to mark support at $5.94 on June 11, 2022, which is 89% below ATH.
- Currently at $7.26, the previous ATH offers a 661% upside potential
If Polkadot (DOT) is so far from its ATH today, this project remains one of the most promising in the blockchain ecosystem in 2022. Its ability to evolve and constantly change its operation is a strength. It adapts and does not die. These are good reasons to have confidence in the future of this project.
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